President Trump is set to unveil what his Treasury Secretary calls the biggest tax cut in US history.

It won't be a formal bill, but what the White House calls principles for its overhaul. The business tax rate would drop to 15-percent, versus the current 35-percent corporate rate. With such a steep revenue drop, how would Congress pay for it?

Guests:

Chris Edwards, an economist and director of tax policy at the Cato Institute; he is also editor of DownsizingGovernment.org, a Cato project that focuses on federal spending

Harry Stein, director of fiscal policy at the Center for American Progress, a left-leaning educational, public policy research, and advocacy organization; he has been following the debate on President Trump’s tax plan

Kyle Pomerleau, economist and director of federal projects at the Tax Foundation, where he oversees the center’s research

Pete Peterson, dean of the School of Public Policy and senior fellow at The Davenport Institute at Pepperdine University